Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[EA files $27 million settlement in lawsuit, cannot renew current NCAA license [Update]]]>http://www.joystiq.com/2012/07/21/ea-files-27-million-settlement-in-lawsuit-cannot-renew-current/http://www.joystiq.com/2012/07/21/ea-files-27-million-settlement-in-lawsuit-cannot-renew-current/http://www.joystiq.com/2012/07/21/ea-files-27-million-settlement-in-lawsuit-cannot-renew-current/#comments Electronic Arts reached a settlement in a class action lawsuit that dates back to 2008 for $27 million, and will be unable to renew its exclusive agreement with the NCAA, providing the court upholds the settlement terms.

The original lawsuit claimed that EA violated antitrust laws by entering exclusive license agreements with the NFL, NCAA, and AFL. The $27 million settlement fund proposed by EA would, in part, benefit those that purchased any EA Sports football game from January 2005 to today. Specifically, customers that bought any of the included GameCube, Xbox, and PS2 games may get up to $6.79 per game, and $1.95 per Wii, Xbox 360, and PS3 game.

EA also agreed to stipulations on future license agreements as part of the proposed settlement, as it will not make any exclusive licensing deals with the AFL for five years, and will not renew its current agreement with the NCAA. Additionally, EA won't be able to enter another exclusive licensing agreement with the NCAA for five years. The company's exclusive NFL trademark licensing deal remains untouched in the proposed settlement, which awaits final approval by the court on September 27.

Update: As a clarification, EA Sports' future NCAA license will be non-exclusive. EA sent us the following statement: "We made a business decision to settle this lawsuit and put the matter behind us. We look forward to continuing our partnerships with the NFL and NCAA."

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JoystiqEA files $27 million settlement in lawsuit, cannot renew current NCAA license [Update] originally appeared on Joystiq on Sat, 21 Jul 2012 18:00:00 EST. Please see our terms for use of feeds.

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